As we all know that Bitcoin is firstly introduced to us for it's convenience and numerous benefits. Being banked or underbanked, we can still enjoy the benefits and the accessibility of transactions as long as we have access to internet. Another benefit also is the anonimity it gives to people(although some would probably say not totally). By this, it is only right to say that Bitcoin has the potential to completely transform the way we think about money and finance. Compared to what we traditionally knew about finance, cryptocurrencies and bitcoin allows an individual to participate on the global economy without much requirement that otherwise it would be impossible. Although this is beneficial for developing countries, where traditional banking services may not be available or accessible, we couldn't deny the fact that it is slowly changing or disrupting the financial structure that we knew.
what do you guys think?
We understand Bitcoin was established and structure to better lives in the global societies but facts will never be erase in as much bitcoin has influence global economy finance that's required no special qualification to be part of the community. People have benefits from the structure and many have incurs losses from the project.
But one thing is stricken, the local banking system or services are as well very important to societies weather developed, developing and underdeveloped countries. Bitcoin only makes it easy for transactions, it's introduced global technology mechanism for exchange of goods and services.
Bitcoin is not actually slowing any financial structures because it was made to understand from the beginning that it's involved ups and downs movement threads. Is just experiencing the bearing phase which we should expects from the onset. Though the bearing has affect the financial status of many because is been long the price keeps going down.